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The IRS has once again made adjustments to tax deadline dates. See below for the different changes and how they affect you…..
Yet another COVID measure is being signed into law on Friday, March 12. See below for specifics expected to be included…
COVID brought about a ton of financial changes in 2020. The biggest one on most minds was the stimulus payments that went out. It became a very confusing topic all year. The IRS has provided clarification. See below…
The CARES Act that came about as a result of COVID brought about several changes to 2020 tax returns. Below is a quick breakdown of a few items…
We always like to keep you updated with changes in tax & financial info. Click below for a short-version form of tax update changes from 2020 to 2021, as well as a more expansive full-version of key financial data for the 2021 tax year.
NOTE: some information will very likely be modified with the administration change, as taxes will likely see further reform. We’ll be sure to keep you updated!
With COVID, many employees are now working out of home. We’re receiving lots of questions on the deductibility of home office expenses and the like. See below for a recap on how these deductions work!
Each year, home loan limits are assessed as they relate to average home prices. Appreciation in home values can lead to an increase in loan limits. See below for how this impacts you…
Because of COVID, more and more people are working from home these days. Below is a breakdown of the tax implications of work-related expenses…..
Toward the close of each year, we like to provide ideas for year-end moves, as well as items that may be best delayed into the next year. This year is different than any other we’ve seen in a long time! See below to learn why…..
With the election season upon us, we figure we’d give you a brief layout of what the individual candidates have said will be their tax policy. There’s no personal opinion here…so please refrain from responding with political fireworks!
Yes, another news flash related to the coronavirus! The IRS has implemented several measures in response to the COVID pandemic. One major one is the provision that allows for temporary changes to retirement plan withdrawal and loan rules.
We’ve received several messages from clients this week about mysterious money hitting their bank account from the IRS. What is going on?
What is going on with home values?! Many areas in the United States are experiencing significant run-ups in home values…..
Unfortunately, renovations made to your primary home are not usually deductible for tax purposes. However, you can still benefit tax-wise from renovations in certain instances. See below for some examples:
One of the government implementations with COVID is to allow mortgage forbearance for borrowers who are directly affected by the virus. But before you jump for relief, it pays to know the details…..
The stimulus payments (Economic Impact Payments) are a very popular topic of conversation these days!
A lot has changed with our world in just a few weeks.
We wanted to provide you the following updates as it relates to your taxes and the government stimulus package that was just signed last Friday.
How We’re Doing Our Part...
We’re well setup to handle your full tax needs remotely; no physical meetings required. And we’re also still available to take drop-offs at our office. Feel free to contact us with any questions about how we’re handling tax returns seamlessly in the midst of this crisis.
We’re sending this update to provide information regarding the current state of tax return requirements during these uncertain times. Of course things are changing rapidly in our world, so this info is subject to change.
The New Year is a great time to re-evaluate all of your insurance coverages.....
FICA (Federal Insurance Contributions Act) is the federal law that imposes Social Security & Medicare taxes on earned income. These are the added line items most employees see on their paychecks. Below is a breakdown of how these taxes work and how they impact you…..
We want to make sure you're aware of the changes in key financial data for the 2020 tax year.
Below you'll find a short-version form of tax update changes from 2019 to 2020...as well as a more expansive, full-version of key financial data for the 2020 tax year.
With the value increases over the past several years, you may be facing possible tax implications if you sell your home. But there are ways to reduce, and even eliminate the tax hit on your home sale…..